If an Internal Control Exception Is Identified, the Auditor_______

question 1

Multiple Choice

If an internal control exception is identified, the auditor_______.

• A)must use their professional judgment to determine if the exception is a control deficiency, a significant deficiency, or a material weakness
• B)must use published frameworks to determine if the exception is a control deficiency, a significant deficiency, or a material weakness
• C)should notify the Securities and Exchange Commission (SEC) within 14 days
• D)should consider withdrawing from the engagement

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Definitions:

Manual Automatic

A system or process that can be operated either manually by a human operator or automatically by a machine or software without human intervention.

Latch Instruction

The Latch Instruction in programmable logic controllers (PLCs) is used to maintain the output state until a specific reset condition is met.

Timer Instruction

An instruction in programming that initiates a timer, controlling how long a certain operation or event should last before proceeding.